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Montana Laws And Rules-Insurance Exam Questions And Answers

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MONTANA LAWS AND RULES-INSURANCE EXAM QUESTIONS AND ANSWERS

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MONTANA LAWS AND RULES-
INSURANCE EXAM QUESTIONS AND
ANSWERS



A company should be examined once every __ years - Correct Answers -5

How many days must a hearing be held or refused? - Correct Answers -30 days

At what age can minors receive life insurance payments? - Correct Answers -16-
UNLESS there is a legal guardian to receive on behalf of minor.

Labor unions must cover how many people - Correct Answers -25

Labor unions At least ___% of eligible members must be insured if the insured
members pay a portion of premiums - Correct Answers -75

If no part of the premium is paid for by the insured members what percentage needs to
be meet? - Correct Answers -100%

Any reciprocal insurer formed under federal tax laws must be operated by an - Correct
Answers -Attorney in fact

Continuing Education for limited lines credit license is - Correct Answers -5 hours every
2 years

An insurer must pay ___ % interest on past due claims - Correct Answers -10

A certificate of _____ is required to become a third party admin - Correct Answers -
Registration

How many days notice must be given for time and place of hearing? - Correct Answers -
10 days

An order for a hearing must be made how many days after? - Correct Answers -30 days

If a public hearing is request how many days must it be completed - Correct Answers -
30 days

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